Question
The common stock and debt of Windows Phone Corp. are valued at $50 million and $31 million, respectively. Investors currently require a 15% return on
The common stock and debt of Windows Phone Corp. are valued at $50 million and $31 million, respectively. Investors currently require a 15% return on the common stock and an 7% return on the debt. There are no taxes. Calculate the weighted average cost of capital. Enter your answer as a percentage. Do not include the percentage sign in your answers. Enter your answer rounded to 2 DECIMAL PLACES.
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
